Bloomberg Daybreak: US Edition

The U.S. aims to control investment in Ukraine, seeking a dominant role in infrastructure and minerals amidst conflict with Russia. Defense Secretary Pete Hegseth faces scrutiny over a leaked military chat, raising concerns about national security. Meanwhile, Elon Musk claims he can identify a trillion dollars in budget cuts within 130 days of Trump's term, challenging government efficiency. As these geopolitical tensions unfold, issues like inflation and trade difficulties with China provide a backdrop to the ongoing drama.

President Trump has signed a bold proclamation for a 25% tariff on auto imports, igniting a trade war with Europe and Canada. The move is expected to raise prices for consumers and complicate the landscape for global carmakers, while Tesla might emerge as an unexpected winner. Additionally, controversy brews over the inclusion of a journalist in a private Signal chat about military operations, raising eyebrows on the administration’s communication strategies. The backlash indicates a challenging political climate as allies scramble to mitigate criticism.

Tariffs on copper imports could be implemented much sooner than expected, impacting markets significantly as prices soar. President Trump is scrutinizing a journalist's presence in sensitive military discussions, raising eyebrows in Washington. Meanwhile, Wall Street bonuses ballooned to an astounding $47.5 billion, reflecting a vibrant economic landscape. The podcast also touches on recent developments in Ukraine, plans for a Greenland trip, and how AI is reshaping business dynamics.

A serious breach of security has raised alarms as sensitive military plans were shared in a text group involving top U.S. officials. As the administration grapples with this incident, President Trump hints at new tariffs on auto imports, indicating some nations might receive exemptions. Meanwhile, the Federal Reserve's outlook on interest rates shifts, suggesting only one rate cut may be forthcoming. The podcast dives into the implications of these developments on national security and the economy, alongside ongoing discussions about civil rights and market competition.

Explore the latest stock market highs and lows in just five minutes! From the remarkable 60% surge of Amazon to the unfortunate decline of CryptoLink, there’s plenty of exciting action. Dive into the booming aluminum and steel sectors and discover which companies are shaping today's market. Stay informed and get a quick grasp of the winners and losers of the day!

Markets are buzzing as President Trump prepares to announce targeted tariffs aimed at countries with trade barriers against the U.S. Meanwhile, U.S. officials are pushing for a ceasefire in the Ukraine-Russia conflict, with a tight deadline looming. The political landscape in Canada intensifies as Mark Carney kicks off his election campaign, taking jabs at Trump. Additionally, the complexities of international trade negotiations and the impact of tariffs on local finances and mental health are dissected, offering a multifaceted view of current events.

Stuart Paul, a U.S. economist from Bloomberg Economics, shares insights on anticipated U.S. inflation data and its implications for economic growth. He dives into how tariffs are impacting the housing market, potentially affecting homebuyers and builders. Danny Lee, Bloomberg's Asia transport reporter, previews Chinese EV maker BYD's earnings, highlighting its market competition with Tesla and innovations in electric vehicle technology. Their discussion reveals significant trends affecting both the U.S. and global economies.

Heathrow Airport has been shut down for a whole day due to a major power outage from a nearby fire, leading to significant flight cancellations and disruptions. In a twist of political drama, President Trump denied reports of Elon Musk being briefed on military plans involving China, while clarifying Musk's Pentagon visit was merely about innovation. Additionally, Trump's controversial executive order aims to dismantle the Education Department, shifting its responsibilities to states and drastically cutting its workforce.

On today's podcast: 1) Federal Reserve Chair Jerome Powell downplayed growth concerns and the impact of President Donald Trump's trade war on inflation, calling the inflationary effect of tariffs "transitory". 2) President Donald Trump said the Federal Reserve should cut interest rates, splitting with the US central bank as officials weigh the economic cost of his tariff push.  3) Ukrainian President Volodymyr Zelenskiy agreed to a proposal for a mutual halt to strikes on energy assets as an initial step in President Donald Trump’s effort to end the war that began with Russia’s full-scale invasion three years ago.See omnystudio.com/listener for privacy information.

Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance.Federal Reserve officials held their benchmark interest rate steady for a second straight meeting, caught between mounting concerns that the economy is slowing and inflation could remain stubbornly high.Chair Jerome Powell acknowledged the high degree of uncertainty from President Donald Trump’s significant policy changes, but repeated the central bank is not in a hurry to adjust borrowing costs. He said officials can wait for greater clarity on the impact of those policies on the economy before acting.See omnystudio.com/listener for privacy information.